DECK - Deckers Outdoor Insider Trades Send A Signal | Benzinga
Disclosed on June 6, David Powers, President & CEO at Deckers Outdoor (NYSE:DECK), executed a substantial insider sell as per the latest SEC filing.
What Happened: Powers opted to sell 10,955 shares of Deckers Outdoor, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $11,902,607.
During Friday's morning session, Deckers Outdoor shares down by 2.04%, currently priced at $1043.72.
All You Need to Know About Deckers Outdoor
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Majority of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Majority of its sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. It has structured their reporting around six segments which inlcudes the wholesale operations of specific brands like UGG, HOKA, Teva, Sanuk, and Other brands, alongside a segment focused on direct-to-consumer (DTC) operations.
A Deep Dive into Deckers Outdoor's Financials
Revenue Growth: Deckers Outdoor displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 21.25%. ...